October 3, 2008

ALT Supplies LNG to Nikkiso Cryo, Inc. For Critical Field Testing

Applied LNG Technologies USA, LLC ("ALT") announced a contract to provide LNG for equipment testing purposes to Nikkiso, a world leader in Cryogenic Pump design and production.

"Having a reliable source of LNG is critical to the success of our international sales operations," said Charles Molina, President, Nikkiso Cryo, Inc. (NCI). "ALT is well-situated to offer cost effective distribution to our location, guaranteeing the success of our cryogenic pump tests."

At their state-of-the-art facility in N. Las Vegas, Nevada, NCI manufactures and rigorously tests cryogenic pumps used in the global storage, transportation and distribution of natural gas. Cryogenic pumps can be found in land-based terminals, ships, and new offshore facilities responsible for delivering natural gas to the consumer. Customers travel to the facility from around the globe to witness the performance test, a process that replicates the pumps operating conditions in the field.

"Providing LNG to Nikkiso is vital to the testing process required to insure the strategic supply of LNG, a critical energy source for the US and other Global markets", said Kevin Markey, Vice President of Operations for ALT. "We appreciate the opportunity to play such an important role in Nikkiso's production and testing process."

About ALT

ALT's production facility located in Topock, Arizona is wholly owned by Arizona LNG, LLC, sister company to ALT, and is a subsidiary of PNG Ventures, Inc. (OTCBB: PNGX). The Company produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's web site is www.altlng.com.

About Nikkiso Cryo, Inc.

Nikkiso Cryo, Inc. ("NCI") is a subsidiary of Nikkiso Co., Ltd. Originally designed as a Cryogenic Pump test facility for the Higashimurayama factory in Tokyo, Japan, NCI has evolved, becoming a Production Facility with growing Engineering, Procurement, and Sales capabilities and the most highly trained and motivated staff, in the cryogenic pump production business.

Forward-Looking Statements Disclosure

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